10 Reasons to Invest in Panama Real Estate

Real estate investment by foreigners has boomed in the recent years. The investment has been supported by the government as Panama has one of the most interesting tourist destinations and has been tagged as one of the best places to retire. These facts have been proven by the increase of foreigners relocating in the country. These foreigners do not only live in Panama by renting properties, but they are much more buying their own properties and establishing businesses. If you are wondering why, here are the top ten reasons to invest in Panama real estate.

1. The government provides Pensionado programs where foreigners can apply for Pensionado Visa. With the minimum requirement of 500 dollars monthly pension, the foreigner can already be eligible with the Visa and will be entitled discounts of goods and services including property loans and acquisition, utility bills, home mortgages, and bills from professional services.

2. To invest in Panama real estate is easy as there are no required special permits, registration or authorization for you to qualify as investor.

3. Acquiring real estate is tax free for 5 to 20 years depending on the location and the type of property.

4. Invest in Panama real estate with a solid economy. Panama has been known as the financial center in America with about 150 international banks. Because of the control of Panama Canal, Panama has been growing in GDP and expected to soar more in the coming years as global trade in the Canal is increasing.

5. Currency is stable as it uses dollar bills.

6. You will feel safe when you invest in Panama real estate because crime rate is low. Except for some areas in Panama City and Colon, there are not much crimes going on around Panama which makes investment safe.

7. Convenient cost of living is an advantage when you invest in Panama real estate because goods and services are basically cheap. Aside from the fact that your utilities, bills, and materials are very affordable, your money will still go along way for other investment opportunities.

8. When you invest in Panama real estate, it will either be used for residential or commercial uses that will not be idle with all the attractions and activities in Panama. There are many interesting things to do and places to visit in Panama so surely, your property will be used either for personal use or for rentals and other business opportunities.

9. There are still many places that are underdeveloped or undeveloped so there are still lots of opportunities to invest in Panama real estate. The place is not yet crowded and most areas in the coastlines are still inhabited.

10. Panama has one of the best medical cares in Central America so living here would be worthwhile, which would be a good reason to invest in Panama real estate.

With these ten reasons to invest in Panama real estate, you surely would find little reasons why not to. While real estate is still in the booming stage, it is best to grab opportunities as they are still available.